US offshore wind industry faces setbacks and challenges, but projects continue in service and development.

From Investing.com: 2025-01-24 15:41:35

U.S. President Trump suspended new federal offshore wind leasing for environmental and economic review. Orsted, the world’s largest offshore wind firm, faced impairments on a U.S. project. Offshore wind industry setbacks impact clean energy goals. States like California and New Jersey remain committed to clean energy despite challenges. Several offshore wind projects faced write-offs due to construction costs and delays.

Despite Trump’s review, offshore wind projects in service and under construction will continue. Projects like Vineyard Wind 1 faced setbacks in 2024. Additional offshore wind projects are under development in states like Massachusetts, New York, and New Jersey. The industry remains focused on advancing clean energy goals despite obstacles.



Read more at Investing.com: Factbox-US offshore wind farms in service, in construction and under development By Reuters